The jackpot for the Powerball draw on Wed Dec 17, 2025, is projected to be $1.25 Billion, with an option for a cash payout of $572.1 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Wed Dec 17, 2025 |
|---|
| Draw Date | Wed Dec 17, 2025 | | Projected Jackpot | $1,250,000,000 | | Cash Value | $572,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $572,100,000 | | Federal Tax(24%) | $137,304,000 | | Additional Federal Tax | $74,333,330 | | State Tax(8.82%) | $50,459,220 | | Net Lumpsum Payment | $310,003,450 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$18,813,750 |
$6,921,418
$1,659,373 |
$10,232,959 |
| 2 |
$19,755,000 |
$7,269,680
$1,742,391 |
$10,742,929 |
| 3 |
$20,742,500 |
$7,635,055
$1,829,489 |
$11,277,956 |
| 4 |
$21,780,000 |
$8,018,930
$1,920,996 |
$11,840,074 |
| 5 |
$22,868,750 |
$8,421,768
$2,017,024 |
$12,429,958 |
| 6 |
$24,012,500 |
$8,844,955
$2,117,903 |
$13,049,642 |
| 7 |
$25,212,500 |
$9,288,955
$2,223,743 |
$13,699,802 |
| 8 |
$26,473,750 |
$9,755,618
$2,334,985 |
$14,383,147 |
| 9 |
$27,797,500 |
$10,245,405
$2,451,740 |
$15,100,355 |
| 10 |
$29,187,500 |
$10,759,705
$2,574,338 |
$15,853,457 |
| 11 |
$30,646,250 |
$11,299,443
$2,702,999 |
$16,643,808 |
| 12 |
$32,178,750 |
$11,866,468
$2,838,166 |
$17,474,116 |
| 13 |
$33,787,500 |
$12,461,705
$2,980,058 |
$18,345,737 |
| 14 |
$35,477,500 |
$13,087,005
$3,129,116 |
$19,261,379 |
| 15 |
$37,251,250 |
$13,743,293
$3,285,560 |
$20,222,397 |
| 16 |
$39,113,750 |
$14,432,418
$3,449,833 |
$21,231,499 |
| 17 |
$41,068,750 |
$15,155,768
$3,622,264 |
$22,290,718 |
| 18 |
$43,122,500 |
$15,915,655
$3,803,405 |
$23,403,440 |
| 19 |
$45,278,750 |
$16,713,468
$3,993,586 |
$24,571,696 |
| 20 |
$47,542,500 |
$17,551,055
$4,193,249 |
$25,798,196 |
| 21 |
$49,920,000 |
$18,430,730
$4,402,944 |
$27,086,326 |
| 22 |
$52,416,250 |
$19,354,343
$4,623,113 |
$28,438,794 |
| 23 |
$55,036,250 |
$20,323,743
$4,854,197 |
$29,858,310 |
| 24 |
$57,788,750 |
$21,342,168
$5,096,968 |
$31,349,614 |
| 25 |
$60,677,500 |
$22,411,005
$5,351,756 |
$32,914,739 |
| 26 |
$63,712,500 |
$23,533,955
$5,619,443 |
$34,559,102 |
| 27 |
$66,897,500 |
$24,712,405
$5,900,360 |
$36,284,735 |
| 28 |
$70,242,500 |
$25,950,055
$6,195,389 |
$38,097,056 |
| 29 |
$73,755,000 |
$27,249,680
$6,505,191 |
$40,000,129 |
| 30 |
$77,442,500 |
$28,614,055
$6,830,429 |
$41,998,016 |
|
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